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at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for responsible gambling, but it seems to be a lot deeper than that. stuart: i've been to that casino in macau. i mean totally different from anything you will ever see on the strip in las vegas. i mean it is really really different. i will get to that a bit later. david: yeah, we're all interested in that story. stuart: i don't gamble. david: man oh man. [laughter] stuart: moving along, republicans counteroffer to president obama's solution to the fiscal cliff yesterday with a plan of 800 billion dollars in new revenue from tax reform, not from higher tax rates. plus, about a trillion dollars in spending cuts. speaker john boehner said the pre
to buy the guns himself. officials say dawn wynn lied on a form saying she'd be the gun owner. she told the court the weapons were stolen from her. that story and of course, the newtown school shooting has drawn a lot of attention to gun control laws in this country as lawmakers and lobbyists debate solutions and some are taking actions themselves. the big idea today, gun buybacks. in new haven, connecticut, towns offering cash or gift cards for anyone handling a gun. and a city an hour from newtown, connecticut, a buyback program happening right now is no-doubt personal. joining me live now on the telephone is bridgeport mayor bill finch. mayor, good to have you. we have you on the phone because the skype connection wouldn't have been great. >> it's good to be here. we worked so hard, but the technology doesn't always work with you. >> is the gun buyback program drawing a big response? >>s yes, we raised over $100,000 in food coupons from the local grocer and we've had over 300 guns sold back to the city, spent a little over 30,000 in -- you know, i think people are happy to do it. we'
colleagues to read a very inciteful article authored by judge james a. wynn jr. of the united states court of appeals for the fourth circuit, and i ask unanimous consent that a copy of his article be included in the congressional record. thank you, mr. speaker. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from tennessee seek recognition? >> i ask permission to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. mr. duncan: mr. speaker, no republican in congress is trying to protect millionaires and billionaires. much of the impasse in the current negotiations is over who is going to spend the money. republicans do not want higher taxes simply because 1067 of what the federal government spends is lost to waste, fraud and abuse. the most wasteful inefficient way to spend money is to turn it over to the federal government. the best way to create jobs and hold prices steady is to let private citizens spend and invest as they choose. the wealthy do all right even in
and disturbing story we're bringing to you right now. as i understand it, dawn wynn was with the gunman at the time these weapons were purchased. fred, what can you tell us about this? >> i can tell you a bunch of things. everybody knows you don't buy cigarettes for a 12-year-old in the grocery store. you don't buy cases of beer for a bunch of 16-year-olds in their car parked in the parking lot of a liquor store. what possessed this woman to purchase two weapons, assault weapon and shotgun for this guy? the guy was a convicted felon. under the law he is forbidden to possess the law under any circumstances. on federal form in bold letters, are you real buyer or buying this for something else. this is making a false statement. that is a felony. she made a false statement and aided and abet ad convicted felon in possessing a a firearm that is another crime. uma: eric, they want to send a strong message. >> they should send a strong message. uma: airing rick, go ahead. >> a pint of sweat will save a gallon of blood. that is the point the government wants to do. i agree with everything fred
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